Question

Elaborate relation of commerce with other social science subjects

Answer 1

Answer:

Sociology is the science of society. Social sciences like politics and economics may be considered as the branches of sociology. ... Buteconomics deals only with the economic aspects of a society. It studies human behaviour in relation to scarce means and unlimited wants

Answer 2

Relation of commerce with social science subjects are:

Explanation:

Commerce and Economics

• Economics forms the base of commerce as a subject.
• The development of Commerce is linked with the economic development of the society. Commerce is concerned with the ‘how and why’ of economic activity  
• Important topics which establish relationship between economics and commerce  are: Development of Indian trade and industry, Indian banking system, Indian business organization Indian currency, and Economic laws and principles.

Commerce and Political Science

• Important topics where relationship between commerce and Political science can be established include commerce and political policies and system, Monetary systems, Taxation, Devaluation, and demonetization.

Commerce and Geography

• It is geographical factors like forests, agriculture, industries minerals, and trade, which govern the wealth of a nation.
• It determine the means of livelihood of the people, since economic activities related to agriculture , trade, commerce, industry flourish if geographical conditions are favorable.  
• Important topics which establish relationship between commerce and Geography are Localization of industries, Indian trade Development of industries in India, Sources of energy, and  Food problem from marketing to selling

Commerce and Sociology

• Principle of general management can be applied only when we understand of the formation of the society.
• The trade policy of a country can only be properly understood when we know about social conditions like social structure, the family structure, the religious influence of that country that impact the production conditions or market segment.
• Important topics where relationship between Commerce and Sociology can be established are making strata for production, market segmentation, and strategy planning.

Commerce and Psychology

• If management principles are laid down with an eye on human psychology , one can be sure to go a long way towards business success.
• Bonus, service conditions, prizes, job satisfaction, and incentives, all are concepts of psychology for increasing production.
• Important topic where relationship between Commerce and Psychology can be established are Organization behavior, laws of management, marketing, fridge benefits , packaging, advertisement, and selling.